Eversheds Sutherland Spain has advised Welzia Investments on the sale of Welzia Management SGIIC to Abante
Welzia, which manages and advises more than 1,000 million euros from 800 clients, will be transferred to Abante, which will manage and advise on assets of more than 12,000 million euros, of which more than 7,000 million are assets under management.
Welzia was founded in 2003 as a multi ‘family office’ that currently provides asset management and wealth advisory services, insurance companies and high net worth individuals with a presence in Madrid, Barcelona, Bilbao and Valencia.
In the words of Carlos González, CEO of Welzia, “The agreement with Abante is a natural step in our vocation and trajectory to provide the best advice, independently, to our clients. It allows us to strengthen and complete our range of products and services, reinforce our capabilities and take a leap in quality.”
The corporate M&A team has been led by Juan E. Díaz (partner), María Ramalle (legal director) and Ana Orihuela (lawyer).